Danske Bank's Share Buyback Programme: Transactions in Week 3

Danske Bank A/S, a prominent financial institution, has been actively engaged in a share buyback programme since February 2024. This programme, with a total budget of DKK 5.5 billion and a maximum of 70 million shares, is set to conclude by January 31, 2025. The programme is being carried out under the Safe Harbour Rules, which provide a framework for companies to enhance their share price while offering investors a reliable return on their investments.

In week 3 of the programme, which spanned from January 13 to January 17, 2025, Danske Bank made significant progress in its share repurchases. The following transactions were recorded during this period:

* On January 13, 2025, the bank repurchased 25,000 shares at an average price of DKK 211.2452, with a gross value of DKK 5,281,130.
* On January 14, 2025, an additional 25,000 shares were repurchased at an average price of DKK 212.9229, resulting in a gross value of DKK 5,323,073.
* On January 15, 2025, the bank continued its repurchases, acquiring another 25,000 shares at an average price of DKK 214.6056, with a gross value of DKK 5,365,140.
* On January 16, 2025, Danske Bank repurchased yet another 25,000 shares at an average price of DKK 214.0001, with a gross value of DKK 5,350,003.
* Finally, on January 17, 2025, the bank acquired the last batch of shares for the week, with 25,000 shares repurchased at an average price of DKK 211.2711, resulting in a gross value of DKK 5,281,778.

In total, during week 3, Danske Bank repurchased 125,000 shares at an average price of DKK 212.8090, with a gross value of DKK 26,601,123. This brings the total accumulated number of own shares under the share buyback programme to 26,388,423, representing approximately 3.06% of Danske Bank A/S’ share capital.

The transactions in week 3 demonstrate Danske Bank's commitment to its share buyback programme, with a significant increase in both volume and value compared to previous weeks. This programme is designed to enhance shareholder value by reducing the number of shares outstanding, thus increasing earnings per share. Additionally, the programme signals to the market that the company has confidence in its future performance and is willing to invest in its own shares.

As the programme continues, investors will be closely watching Danske Bank's share price and market capitalization, as the buyback activity is expected to have a positive impact on both. The reduction in outstanding shares and the increased demand for the stock can drive up the stock price, while the market capitalization per share is likely to increase as the total market capitalization is distributed among fewer shares.

In conclusion, Danske Bank's share buyback programme in week 3 highlights the company's dedication to enhancing shareholder value and investor confidence. As the programme progresses, investors can expect to see positive developments in the bank's share price and market capitalization.